Review: Capital One® VentureOne® Rewards Credit Card

If you’re interested in travel rewards but don’t spend enough to justify paying an annual fee, the Capital One VentureOne Card just might be the one for you. Its sibling, the Capital One® Venture® Rewards Credit Card , is a mainstay among the market’s best rewards cards, but its annual fee is enough to scare some people away.

Capital One VentureOne Review Highlights:

Good rewards for light-spenders. The Capital One VentureOne Rewards Credit Card gives you 20,000 bonus miles for spending $1,000 within three months of account opening. That’s less than half as much as the original Venture Card’s offer, but you only have to spend one-third as much to get it. It’s also above the 20,153 points/miles offered by the average rewards card. In addition, you’ll earn 1.25 miles per $1 spent, which is above the market average for a rewards card but below the 2 miles per $1 that Venture provides, and 10 miles per $1 on hotels (when you book with the card through hotels.com/venture). So while these rewards aren’t necessarily elite, they’re good enough to make VentureOne a worthwhile option for light-spenders.

Barely-above-average 0% promotion. VentureOne offers 0% on new purchases for the first 12 months, which is slightly longer than the average 0% card’s 10.7-month intro period. So that’s pretty good. But it’s certainly no better than hundreds of other cards that offer 0% on purchases for at least as long.

‘No transfer fee’ isn’t enough. The Capital One VentureOne Credit Card does not charge a balance-transfer fee, but it also lacks another important ingredient for an attractive transfer offer: a 0% intro rate. VentureOne gives you 0% only on new purchases, which means any balance you transfer will accrue interest at the card’s regular rate, which has the potential to be quite high. So if you want to reduce the cost of existing debt, skip the VentureOne Card in favor of one of the market’s best balance transfer credit cards.

Requires good credit or better. The Capital One VentureOne Card would make more sense as a fair-credit alternative to Venture. However, it’s reserved for people with good or excellent credit. So make sure to check your credit score for free on WalletHub before applying.

Your Capital One VentureOne credit limit will be at least $2,000. That’s the bare minimum, but it could be more. Capital One VentureOne has no disclosed maximum credit limit. How much you’re approved for will depend on a combination of your credit history, income, and existing financial obligations.

You aren’t necessarily locked into your first Capital One VentureOne credit limit forever. Three months after opening your account, you could be eligible to request a credit line increase if you’ve paid on time so far. But there are no guarantees. There is, however, a bit more information you should know.

Capital One VentureOne Credit Limit Info:

All approved applicants for VentureOne get a credit limit of at least $2,000.

Some online posts from users have claimed they were approved for limits of $20k and above.

To be approved for Capital One VentureOne, you need good-to-excellent credit. That means a credit score of 700 or above.

Capital One recommends that VentureOne applicants never have defaulted on a loan or been more than 60 days late in the past year. You should also have an existing credit card with a limit of $5,000+ that’s been open for at least three years.

You can request a credit limit increase when your Capital One VentureOne account has been open for three months. After that, you can request an increase every six months.

To be approved for a VentureOne credit limit increase, you need to make on-time monthly payments to all your creditors. You should also be paying more than the minimum with VentureOne.

The $2,000+ that you’ll get as your Capital One VentureOne credit limit compares decently well to other popular credit cards for people with good credit. For example, the Capital One Venture credit limit is $5,000+, the Citi Double Cash limit is $500+, and the Chase Freedom credit limit is $500+.

To meet the Capital One VentureOne credit score requirement, you must have good credit or excellent credit. That means a Capital One VentureOne applicant’s credit score must be 700 or higher for a reasonable chance at approval. You’ll also need a stable income and not too much debt.

The VentureOne card’s credit score requirement is the same as the Capital One Venture card’s. So your choice between the two comes down to how much you spend, not how good your credit is. VentureOne has no annual fee but offers less attractive rewards.

Whichever Venture card you decide to apply for, you’ll need more than a good credit score to get approved. Capital One takes a number of other things into consideration.

Here are the Capital One VentureOne credit score and approval requirements:

Good credit. A 700+ credit score should give you good odds. The higher your score, the better.

Solid income. The card has a $5,000 minimum credit line. You need to prove you can afford to use it.

No bankruptcy or default. Capital One says most VentureOne cardholders have never declared bankruptcy or defaulted on a loan.

No late payments. For best chances, you should not have been more than 60 days late on any credit card, medical bill or loan in the past year.

3-5 year credit history. Your credit is unlikely to be good if you don’t already have a credit card with a $5,000+ limit.

Capital One says that the bankruptcy, late payment, and open credit requirements are just “guidelines” to help you see if you’d be a good fit. But it’s good to know what will be taken into account when looking at your application. You can be sure Capital One will look at your debts and recently opened accounts, too.

Capital One VentureOne is a Visa, not a Mastercard. More specifically, VentureOne is a Visa Signature card, which means it comes with a collection of perks provided by the Visa network. Travel benefits include roadside dispatch, rental car insurance, lost luggage reimbursement and travel accident. You can also use the VentureOne Visa in more than 200 countries and territories.

In addition to its Visa benefits, the VentureOne card has some very attractive rewards, rates, and fees, which Capital One is responsible for. There’s a sign-up bonus of 20,000 points, worth $200 in travel. You also get 1.25 miles per $1 on all purchases, except for the 10 miles per $1 you’ll receive from hotels.com/venture. Miles are worth 1.25 cents when redeemed for travel through the Venture Rewards website. The card also has a 0% APR on purchases for 12 months, a $0 annual fee and a $0 foreign transaction fee.

Capital One VentureOne Visa benefits:

Auto Rental Collision Damage Waiver. Covers you against damage or theft up to the actual cash value of the rental vehicle. Must purchase your entire rental with your VentureOne card and decline the rental company’s collision damage waiver.

Travel Accident Insurance. You’re coveredfor accidental loss of life, limb, sight, speech or hearing up to $250,000. You’re covered while traveling on any air, bus, train or cruise ship paid for with the Venture One card.

Lost Luggage Reimbursement. Pays you up to $3,000 for lost or stolen checked or carry-on bags.

Roadside Dispatch. This service covers towing up to 5 miles, tire changes, jump starts, fuel delivery and locksmith referrals. Costs $59.95 per service call. Available 24 hours a day, 7 days a week.

Extended Warranty. Adds up to 1 year to an original manufacturer’s warranty of three years or less.

Purchase Security. Covers eligible items for up to $500 in the event of theft or damage within 90 days of purchase.

You can use the Capital One VentureOne Visa at more than 46 million locations in 200+ countries and territories worldwide, all without paying any foreign transaction fees.

You can access your rewards information online anytime by signing in to your account here: https://www.capitalone.com/sign-in/ . If you’re travelling, your foreign purchases will be converted at the foreign exchange rate in effect at the time of posting the charge.

You can request such a PIN by calling Capital One customer service ( 800-955-7070 ) or using the secure chat feature on your online account. Hope this helps. Just remember that cash advances should be avoided whenever possible due to their high cost: http://wallethub.com/edu/credit-card-cash-advance/25829/ .

According to the company’s site, Capital One® VentureOne offers extended warranty protection on eligible purchases. This protection doubles the time period of the original manufacturer’s written U.S. repair warranty up to 1 additional year on eligible warranties of 3 years or less for items purchased entirely with your eligible Visa Signature card. This benefit is limited to no more than the original price of the purchased item (as shown on your Visa Signature card receipt), less shipping and handling fees, up to a maximum of $10,000 per claim and $50,000 per cardholder.

3.6 out of 5

Using this card smartly, I have been able to take 5 free flights with just my bonus miles. Started my limit at $15,000 was a nice bonus as well giving the flexibility to spend a little without getting into the 30/40% range. I am happy with the Venture One

I’m only disappointed that CapOne won’t increase my VentureOne limit beyond $5500. They indicated I don’t have enough monthly spend to necessitate more. Other than that, it’s a nice card to have with no annual fee and rewards back - I usually go for iTunes gift cards. They send me 0% balance transfer checks periodically. I’ve only ever used them once and paid it all back within 90 days. That helped finance my trip to Europe ahead of it and avoid paying interest.

Great card! Most travel credit cards come with annual fees, but the VentureOne didn't. Can't beat that in my books.
Another plus is that miles don't expire so no rush on planning trips.
Didn't have to deal with customer service yet.

Something doesn't seem to add up here...according to the submitted reviews, almost half of the reviews (45%) were 3 starts or less. Now if u look at the reviews that show up, they all seem to be 4 and 5 star reviews with an occasional reveiw of 3 starts and every so often a one star review. Seems shady to me, rather misleading, typical for big banking in the modern age...

This card is fine until it is not! Capital One restricted my account when I tried to book a hotel in Italy right after they had accepted airline tickets to Italy. They did not ask me if the charge was fraudulent. They just restricted it. That was 6 days ago. After multiple phone calls and documents submitted, they tell me today that I will have to wait another 4 days because the fraud department doesn't work on weekends. Meantime I am stuck in Europe without a credit card through no fault of my own. I'm returning to Bank of America.

I got this card after I received the seventh letter in the mail. I usually just throw them out, but I figured I'd look though it. The rates were reasonable, the incentives were nice, and so I signed up for it. That was a few months ago, and so far the card has been fantastic. I've only used it for day to day purchases so far, but I've enjoyed the card. It's accepted everywhere I've tried it. Capital One's website for the card has been intuitive and easy to use. I'd recommend this card to anyone who qualifies.

I originally signed up for this card on a recommendation from a close friend of mine. We both like to travel and he had told me about all of the travel perks and rewards associated with this card. I signed up and have been using it for a little over a year. The result? I love it! The reward structure works extremely well, in my opinion. I use Uber a lot and I always pay with this card, which earns me 1.25 miles per dollar spent. I have only cashed out my miles once so far, but it was an easy and pleasant experience. I am appreciative that the card lets you earn as many miles as you want before deciding to cash out. The main downside to this card is that the APR for regular purchases is very high. I pay off my balance at the end of each month and primarily just use this thing to earn rewards.

I got this card because I travel a lot and I heard Capital One is a bit more generous with credit lines and credit line increases. Additionally, I wanted a visa signature card. The 20,000 mile bonus was a nice plus as well as not having an annual fee. Using the miles is very easy. I like the purchase eraser for applying my miles to purchases I have previously made. The Capital One app that I use with this card is also very handy. I love that paying my bill and monitoring my transactions is very easy and the graphics are pleasing. I'm a bit let down by the higher interest rate I was given with this card but the pluses outweigh the negatives so far. The one time I needed to call Capital One customer service went smoothly. I wasn't waiting long on hold and they answered my questions very professionally. Overall I am happy with my Ventureone card and Capital One. |

I got this card because it was recommend to me by my brother who has the same card. There isn't anything I can think of to improve this card as I have not had any problems using it so far, so this is a card I would highly recommend to others especially if you travel a lot. The customer service has been excellent. I once lost my card and was able to get it deactivated with a new card sent to me immediately.

I received a capital one pre paid gift card for Christmas. It was a grest gift because this card could be used at any place. I used it for the first time at a retail store yesterday and it worked great. I never thought I would get a card like this as a gift. I recommend for others to do the same thing.

I love this card. I use the maximum each month then pay it off so I get the maximum number of miles possible. I've already bought 3 pane tickets with it and am working on saving up for a really big one in a year or so - this is especially complimented by the fact that there are no foreign transaction fees (my bank charges these fees and it's really annoying).
Like someone else said, I do wish that you could redeem part of your points for discounts on airfare, but it's not a deal breaker for me. Otherwise, I love the card and would highly recommend it!

I really like this card for the earning of $1 for every 1.25 miles and no transaction fees even for foreign transaction for purchases.Also there is no annual fee is another cool feature.But the real mess up is Max late fee,it is $35 and looks like really high. Customer care assistant is seems very good.Online response mentioned as "No" and it is not really cool for my side.

The card is great for day to day transactions and even greater to travel with, no transaction fees, 1.25 points for all purchases, accident coverage when renting a vehicle, reliable customer service if you loose your card, 24/7 monitoring of your account and the ability to pay your travel expenses with points. The CO website and app are easy to navigate, monitor your account and even pay your bill from abroad. Last but not least the ability to carry your favorite picture on your card.

What I love most about this card is that there is not limit to what I can earn in rewards. What I hate most about other rewards cards is the fact they put ridiculous limits on what you can earn and even how you can spend it.I got this card just for travelling and vacations because the card comes with no annual fees and every dollar spent on travel is always rewarded with miles that can be redeemed at any time since they do not expire which is a great thing if you want to get the most for your dollar

I've had great experiences with this card, which was good because I had some issues with cards in the past. Some erroneous charges were placed but got dismissed with no hassle at all, and any other issues were cleared up immediately. The rewards are pretty good, especially if you pay attention and try to get the most out of it.

I've had my venture card for several years now. The only thing that I don't enjoy is that you have to have x amount of miles to cash them in. I wish it could be a partial cash in, but you can use the miles for something other than just miles. The only other problem I would say is that Captial One RARELY lowers your APR. Other than that, I enjoy my card and they have the latest chip technology for less chance of fraud.

Great card! Been with Cap One now for over 10 years. Never any issues. I have mostly reward cards since you can get something back. And you can do well with this type of card. Had a couple of charges I did not make & they took them off immediately.

I’ve had my card for about a year now and I’m not disappointed. I shopped around for a while between cards the last time and finally settled on this mostly for travel. I have to hoof around quite a bit and it’s a good combo incentive to tie in the miles. It’s nice to have some expenses taken care of as a bonus to building good credit. I’d recommend having one for any traveler who needs credit.

I have the Capital One Venture One Visa Signature Card, and this is a GREAT CARD! Earning 1.25 miles per dollar spent is better than the standard 1 point per dollar, or 1 point per 2 dollars, and way better than the Chase Sapphire card. I have called Customer Service several times and get through and get VERY GOOD assistance right away. I have had a No Hassle Cap One card for about 10 years and upgraded to the Venture One Visa Sig card and have not had any issues with either card. I also have the Sapphire Preferred and have cancelled it since it charges an annual fee. I think a lot of the people that are having issues have bad credit or did not qualify for the Visa Signature and received the regular Platinum card.

I have been using this card for a little bit over 18 months. The main reason that I chose this card was that I was looking for the best airline miles reward card and I believe that I have found it. i just got back from my first trip for which I used my miles and it was outstanding having that part of the trip paid for. Very reasonable rates and a generous limit are all huge plusses as well!

i have this card for about a year now and i love this card as this 20,000 miles on every $1000 spend is very useful for me as i love to travel and i can use these miles on airfares of any airlines and to book hotels. you can travel whenever you want there is no blackout date. these miles does not expire so you can use them anytime you want. Plus this card is very useful while you are traveling as there is no foreign transaction fee so i never forget to take this card while traveling. one more nice feature of this card which you can use while traveling is you can rent vehicle on his card. the customer service of this card is good they are very friendly and ready to help any time.

This is a great card. as a college student just learning the ropes of credit, this was the first credit card that I got, and I'm glad I went with a provider as reputable as capital one and the venturone card for my first one. The company has been great at providing me all of the information I ask for and any assistance that I need.

I absolutely love this card. Instant approval, very generous limit and 20,000 miles when you spend 1000.00 within the first 3 months! I was planning the family vacation when I applied. I was able to take the credit against my balance and utilize the airline membership. I can use the card for any type of charges! Interest rate is low, but I do believe that it is based on your FICO score. I truly love what is in my wallet!

I have had my Capitol One VentureOne Rewards Credit Card for nearly one year now, and I really enjoy it! The 20,000 miles bonus once you spend 1000 has gained me enough miles to take a vacation soon. I'm supposed to be able to choose whatever airline or hotel I want. My friends travel a lot too, for festivals and sightseeing. Its going to be great to be able to meet up with them in whatever hotel they are staying in.

Capital One Venture credit card is the best I had a whole lot of emergency uses for it. There is no over limit fee the max APR is 29.4 % you can get a cash advance in case you need it. You can use your card for a rental car like I did and it was a great help. It also has a smart chip to help prevent fraud. The best part about the capital One Venture card is the free credit score tracker. To get approved took me a while they do not have an Online Response System but other than that It's all right. I you use it out of the country there aren't any foreign transaction fees either so that makes it pretty nice.

I have had the Venture rewards card from Capital One for almost three years now. There are good and bad things about this account. First of all starting off I must say Capital One is generous with their credit lines on this account. Even if you start out with a small limit it will increase over time as long as you are responsible. That being said besides the credit limit increases that come with the account the rewards are good IF you use the account a lot to build them up. The interest rate that comes with this account is high. When I opened the account, my credit wasn't bad but it wasn't great either as I was building it up and i got the highest rate possible which is 19.99%. Now that my credit has greatly improved, I am able to get very low rates such as 7.25% and 8% and even though I have these better card accounts now, Capital One has not been willing to lower the rate on this account. They have offered me other accounts with very low rates but they have been unwilling to change the rate on this account.

This is another credit card that seems great initially, then you realize it's been designed to separate you from your money (like ALL credit cards). You don't have to have great credit to get it, and that's fine, I understand that from time to time making purchases on a credit card is desirable. The only thing that should matter is the interest rate: on this card, it's 11.9 to 19.9 which is bad enough, but just look at the completely insane penalty rates and cash advance fees. That's nearly 25% interest for a cash advance, and max penalty is 29.4, keep in mind folks, this is what they are advertising to do TO YOU if you fall behind in your payments. Keep in mind that punishing rate is what they gleefully have in store for the people who can LEAST afford it. I call foul; this is ursury - better cards exist and you should probably choose another. Or make sure you can pay the entire balance in full every, single month.

What I love most about this card is that there is not limit to what I can earn in rewards. What I hate most about other rewards cards is the fact they put ridiculous limits on what you can earn and even how you can spend it. And on top of this wonderful level of freedom with my rewards the interest rate is not very high at all. Overall it is a great card and I would recommend to anyone I know!

I really LOVE my Venture rewards card. When I first got an offer, my credit was not the best. I applied and was approved! I was even able to choose my design, I really nice sunset. I continued to use the card and pay on time. My credit score has increased significantly due to the use of the card. I attribute my increase to the use of the card. rewards are a bonus to an already awesome card. The customer service is excellent as well. I can get a person on the other end, not an automated system spinning me from one main menu to another. I would recommend this card to anyone. I already recommend the card to family and friends in the market for one!

I have had the Capital One VentureOne Rewards card for about a year now and I couldn’t be more satisfied. I took advantage of the sign up bonus, there is no annual fee, and the rewards are exceptional! I always use this card which allows me to take advantage of the excellent rewards. I have had a few interactions with customer service and they have always acted in a prompt and professional manner. I highly recommend this card to everyone!

The Capital One VentureOne Rewards credit card is a great card for those who have excellent credit (a FICO credit score above 720). The rewards of the card are fairly competitive, with a bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, unlimited 1.25 miles on every purchase, every day, and there's no limit to how many rewards you can earn and redeem. There are also no blackout dates, and the miles you earn do not expire.
The maximum late fee that can be charged is $25, which is not bad, but if you're using this card, late fees are not something you're generally going to have. The grace period is 25 days, which is unique compared to the standard 21. As a traveler, it is important to note that there is no foreign transaction fee. This is a great benefit especially for those who travel abroad frequently or make purchases over the internet as you won’t have to pay any foreign transaction fees when you pay in another currency using your card. Most cards charge about 3-5% as a foreign transaction fee. The ability to use accumulated miles towards my statement credit has been an added bonus. If you don’t intend to travel, you also have the choice to redeem miles for cash back, merchandise, etc. This redemption flexibility is also one of the top benefits of this card.
With regard to safety of the card, you can get alerts about your account anytime, enjoy $0 Fraud Liability if you lose the card, have access to 24-hour emergency assistance if you need a new card or an advance on cash, and can personalize the card with an image that you choose. Additionally, you can use the card to rent a car AND be covered for accidents, a massive benefit for those traveling. If you travel every once in a while or go on a large vacation every few years, this card is great; however, if you plan on spending more than $8,000 a year, then the alternate Venture card would be better.
There is a $250,000 travel accident insurance, and if you pay for you or your family’s travel tickets with the card, you will automatically be covered under the travel accident insurance plan. If you buy a new item with the card and it comes with an original manufacturer’s warranty of three years or less, the Extended Warranty doubles the original warranty time period to up to 12 months on most items that you buy. Also, within the first 90 days from the date of purchase, the Purchase Security will replace, repair, or reimburse for eligible items that were paid fully with a Visa Signature card, up to a maximum of $500 per claim and $50,000 per cardholder, if items get stolen or damaged.
As someone with excellent credit and who does traveling, I think highly of this card because it rewards me for being timely with my payments. They also have excellent customer service, and the website is very well-designed and it makes purchases and points very easy to track. While you do have to wait to hear about approval, it's worth waiting for.

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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.

Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.